As everyone is getting ready to jump into the holiday season, CFA Association Russia is finishing the year strong with a series of professional events. One of them, a business breakfast, was held on December 20 at the Mazars Russia office.

The event focused on the issue of bankruptcy, something every financial professional knows about, but doesn’t necessarily have a full grasp of its legal side. To provide a full picture of it, CFA Russia invited two experts: Maxim Kandyba, head of banking and finance law at PwC, and Professor Eduard Rebgun, whose name is pretty much synonymous with the bankruptcy law in contemporary Russia.

Rebgun received national fame in the summer of 2006, when he curated the bankruptcy of Yukos, then Russia’s largest oil company owned by oligarch Mikhail Khodorkovsky. Without a doubt, CFA Russia guests were eager to hear about the stories of the famous Yukos bankruptcy from Rebgun’s own words.

Above: Eduard Rebgun

Before that, however, the PwC expert, Maxim Kandyba, talked about the official statistics and current state of bankruptcy law in Russia, as well as pointed out some weaknesses in the existing system.

Following the first speaker, Rebgun took the floor. Everyone in Eduard’s family, including his wife and both of his daughters, works in the bankruptcy and liquidation business. Needless to say, the level of expertise that Rebgun has is second to none.

Rebgun had his presentation in the form of a lecture, taking full two hours to talk about various details from his long and eventful career as a lawyer and crisis management director. A full video of the lecture is available online, but it's only for members of CFA Association Russia. You may always join the association here.